Category: Real Estate Tax

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What is a Homestead?

Think of the word homestead and pioneering families heading west to settle the land likely come to mind. But in real estate, the word has a different meaning. A homestead is your primary residence, which in many states is given an exemption from a portion of property taxes, or is even shielded from some liability.

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Homestead Exemptions for 2017–What You Must Do Now

With the end of the year rolling around, now is the time to set yourself up for a Florida homestead exemption for the next tax year.  Starting next year, this exemption gives permanent residents a deduction of  $50,000 from your home’s assessed value, as well as qualifying you for additional benefits. If you have lived

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